Shore Properties

What Shore Properties does

Shore Properties is a third-generation, family-owned real estate company founded in 1993 and headquartered in Providence, Rhode Island. Unlike third-party property management firms, the company owns and self-manages its own portfolio of 15+ luxury residential apartments and commercial buildings distributed across Rhode Island's most dynamic and historic cities, including Providence, Newport, Cumberland, and surrounding areas. Its tenant base spans individual residents and families, Fortune 500 companies, non-profits, retail and service firms, high-end restaurants, small boutique businesses, and digital start-ups.

The company's primary customer-facing technology is an AppFolio-powered tenant online portal that consolidates rent payment (including automatic payments), maintenance request submission, direct communication with the property office, and renters insurance documentation. The company also offers a 'Book a Showing' online scheduling workflow for prospective tenants. A 24/7 on-call maintenance staff and a personal property manager support moves and ongoing tenancy. Underlying operations are intentionally lean: a single mailing address (PO Box 2332, Providence, RI), limited public office hours (Monday-Friday, 10:00 AM - 4:00 PM), and one published phone line (401-952-9486).

Shore Properties generates revenue through monthly recurring rental income from its owned residential and commercial properties. Pricing is quote-based rather than publicly disclosed; prospective tenants are directed to contact the office or schedule a showing. The company relies on its owned website, the AppFolio portal, and word-of-mouth referrals — driven by its 30+ year reputation — as its primary go-to-market and tenant acquisition channels. No institutional investment, venture capital, or private equity backing is identified in the source materials, and ownership remains closely held by the founding family across multiple generations.

Name

Shore Properties

Legal name

Shore Properties

Website

https://shorepropertiesri.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Short description

Shore Properties is a third-generation, family-owned Rhode Island real estate company, founded in 1993, that owns and self-manages 15+ luxury residential apartments and commercial buildings. It serves individual tenants, Fortune 500 firms, non-profits, retailers, restaurants, and small businesses via an AppFolio-powered tenant portal.

Ownership category

akta.pro rank

Product category

Residential and Commercial Property Leasing

NAICS

Lessors of Residential Buildings and Dwellings (53111), Lessors of Real Estate (5311), Nonresidential Property Managers (531312)

SIC

Operators Of Apartment Buildings (6513), Real Estate Operators (No Developers) & Lessors (6510), Operators Of Nonresidential Buildings (6512)

akta.pro primary industry

Multifamily Apartment Property Management (BPAJAFAA)

Keywords

• Luxury apartment rentals
• Commercial property leasing
• Residential property management
• Rhode Island real estate
• Commercial space rentals

Headquarters

HQ city

Providence

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Residential Property Rental: Monthly rental income from luxury residential apartments across Rhode Island. Tenants include individuals and families seeking quality housing in the state.
2. Commercial Property Rental: Monthly rental income from commercial buildings leased to businesses including Fortune 500 companies, non-profits, retail and service firms, high-end restaurants, boutique companies, and digital start-ups.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Shore Properties owns and manages luxury residential apartments and commercial buildings across Rhode Island, renting space to individual tenants, families, and businesses. The company handles the full property lifecycle including leasing, property management, 24/7 maintenance, and tenant support, supported by an AppFolio-powered online tenant portal for rent payment, maintenance requests, and communication.

Product overview

Shore Properties operates as a third-generation family-owned real estate company managing a portfolio of luxury apartments and commercial buildings across Rhode Island. The company offers a single unified product approach centered on property management services, with their primary customer-facing technology being the Tenant Online Portal powered by AppFolio. This portal integrates rent payment, maintenance requests, tenant communication, and insurance management into one platform. Their property portfolio spans multiple locations including 200 Manville Hill, 123 North Main, 177 North Main, 142-146 Irving, 162-168 Irving, 289-301 Wickenden, 20 John, 17 Thayer, 114-116 Olney, 103-111 Bellevue, 7-9 Brewer, 108 Harrison, 396 Gibbs, 105 Central, and 53 Conanicus.

Differentiator

Problem solved

Functional benefit

Products and services

• Luxury Residential Apartments Long-term residential apartment rentals in luxury buildings owned and managed by Shore Properties across Rhode Island, targeted at individuals and families seeking quality housing in cities such as Providence, Newport, and Cumberland.
• Commercial Buildings and Office Space Commercial office, retail, and restaurant space leasing across Rhode Island, serving tenants including Fortune 500 companies, non-profits, retail and service firms, high-end restaurants, boutique companies, and digital start-ups.
• Tenant Online Portal Web-based tenant portal powered by AppFolio that enables tenants to pay rent online, set up automatic payments, submit maintenance requests, communicate directly with the property management office, and submit or purchase renters insurance documentation.
• Private Property Showings Appointment-based private property viewings scheduled by prospective tenants through the company's online booking system, providing direct access to inspect available residential apartments and commercial spaces.

Quantifiable outcome

• Maintenance staff responded promptly to tenant issues
• +1 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature1 record

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Cornish Associates: Newport, Rhode Island-based luxury real estate developer and operator focused on high-end residential, retail, and hospitality properties. Comparable luxury positioning in coastal Rhode Island submarkets and direct overlap in the Providence/Newport luxury tenant base.
• Bozzuto Group: Mid-Atlantic and Northeast US multifamily developer, owner, and operator focused on luxury apartment communities. Comparable resident demographic, luxury multifamily positioning, and integrated owner-operator business model with strong service differentiation.
• Carpionato Group: Rhode Island-based real estate developer and operator with a portfolio spanning multifamily residential and commercial properties across the state. Directly comparable as a Rhode Island owner-operator of luxury residential and commercial real estate with overlapping geographic footprint and customer base.
• The Procaccianti Companies: Rhode Island-headquartered commercial real estate firm owning and operating office, hospitality, and mixed-use assets throughout the Northeast. Comparable to Shore Properties' commercial portfolio and tenant mix (Fortune 500 tenants, regional office focus) and regional operating geography.

Broad incumbents

• Greystar Real Estate Partners: Largest multifamily property manager and operator globally, with significant US multifamily ownership, development, and third-party management. Comparable as a multifamily owner-operator at vastly greater scale; useful benchmark for operating standards and technology adoption.
• AvalonBay Communities: Large publicly traded multifamily REIT with a high-quality portfolio concentrated in Northeast US coastal markets including New England. Comparable luxury apartment positioning and residential tenant base; benchmark for institutional capital, scale, and technology investment.
• Boston Properties: Large publicly traded office-focused REIT with premier urban Class A office properties. Comparable commercial real estate tenant profile (Fortune 500 enterprises) and Northeast geographic exposure; benchmark for commercial leasing sophistication and pricing power.
• WinnCompanies: One of the largest multifamily property managers and developers in the Northeast US, with a substantial portfolio of owned and third-party-managed apartments. Comparable multifamily operating model with broader geographic scale and institutional backing Shore Properties lacks.
• Mid-America Apartment Communities: Large publicly traded multifamily REIT with a diversified Sunbelt-focused portfolio. Comparable multifamily owner-operator business model at institutional scale; useful reference for capital efficiency, NOI margins, and resident technology investments in the residential segment.
• Equity Residential: Major publicly traded multifamily REIT with a portfolio focused on urban and high-density coastal gateway markets. Comparable luxury urban residential positioning; useful benchmark for portfolio scale, capital structure, and operating efficiency.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/shorepropertiesri
• LinkedInlinkedin.com/company/shorepropertiesri

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shore Properties